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Former Maharashtra Chief Minister (CM) and senior Congress leader Ashok Chavan resigned from the party today, in another setback to the opposition alliance INDIA bloc, months before the Lok Sabha elections.
Ashok Chavan has resigned just after senior Maharashtra Congress leaders Baba Siddiqui and Milind Deora quit the grand old party. Talking to media after the resignation, Chavan said, ‘I have given my resignation as MLA as well as from all posts in the Congress party. In a couple of days, I will decide what is to be done ahead. I have worked for Congress all my life but am now looking for options.’ Private report said that the BJP is likely to offer a Rajya Sabha seat to Chavan. They also said that 10 to 12 MLAs are also in touch with Chavan and will switch sides in due course.
Meanwhile, senior BJP leader and Maharashtra Deputy CM Devendra Fadnavis said everything will become clear with time, wait and see. About the Chavan's exit, the senior Congress leader Jairam Ramesh said, ‘These betrayers don't realise that their exit opens up vast new opportunities to those whose growth they have always stunted.’ Uddhav Thackeray of Shiv Sena said, ‘I am surprised about Ashok Chavan. He was participating in seat distribution until yesterday, and suddenly he switched. I think he has gone for the Rajya Sabha. Everyone seems to be thinking of themselves’.
Chavan, who was the CM of Maharashtra from December 2008 to November 2010, was considered one of the most influential Congress leaders in Maharashtra. He has held various positions within the party, including General Secretary of Maharashtra Pradesh Congress Committee. He stepped down in 2010 for his alleged involvement in Adarsh housing scam in Mumbai.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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